Health and Tech Institute
strategy for continuous transformation
Joaquim Cardoso MSc
Chief Research and Strategy Officer (CRSO),
Editor in Chief, and Senior Advisor.
June 2, 2023
Less than half of respondents report that their organizations engage in the behaviors more often exhibited by companies that achieve high returns from AI
Exhibit 5 lists the measures high performers take to build their AI capabilities in four areas:
- strategy,
- organization and talent,
- data and technology, and
- adoption and scaling.
It also shows how GCC survey respondents view their companies’ performance in those same areas.
- For instance, only 30 percent say their companies have a clearly defined AI strategy or that their companies have the right talent.
- In data and technology, only 35 percent feel their companies have the technology infrastructure and architecture to support AI,
- while as few as 25 percent say that an effective change management program is in place.
On no measure did more than about 50 percent of respondents say that their companies are well positioned. These averages, of course, mask significant differences between sectors.
In the survey group, respondents indicate that energy and materials companies are ahead of the curve in almost all areas.
Adoption of cloud, key to powering AI, is highest in retail, but even here, awareness of the company’s AI strategy is low, implying a piecemeal approach to the use of AI rather than a consolidated, enterprise-wide strategy.
Sectoral differences apart, however, the takeaway remains that all companies in our survey have considerable work to do to create the conditions that will accelerate the adoption of AI and realize its potential.
Source:
The state of AI in GCC countries — and how to overcome adoption challenges; QuantumBlack, AI by McKinsey; In collaboration with GCC Board Directors Institute; May 2023
Vinay Chandran
Ankit Fadia
Tom Isherwood
Nikhil Shah
Karan Soni
Online survey of 119 senior executives and board directors and 21 interviews with respondents and industry experts in five main sectors across all six GCC countries .
